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May 9, 2014
08:02 EDTBECNBeacon Roofing reports Q2 EPS (25c), consensus (6c)
Reports Q2 revenue $384.9M, consensus $416.84M. Paul Isabella, the company’s President and CEO, stated: “Severe winter weather that ranked among the 10 coldest on record in many states across the upper Midwest to the Southeast had a significant impact on our results this quarter. Multiple winter storms that brought record snowfall and freezing rain delayed both residential and commercial roofing projects across our core markets. However, during this period of soft demand we utilized the strength of our balance sheet to make strategic investments in equipment and inventory to grow our business. We believe these investments, along with employee training and our greenfield expansion, will help us maximize our opportunity related to re-roof growth, which is the bulk of our core business. We are especially excited about opening our eighth new branch of the year and are planning on as many as 25 for the full year. Finally, we remained focused on our long standing culture of cost control and leveraging of our operating expenses. All these actions have us well positioned to take advantage of the traditionally high seasonal demand in the second half of the year. We believe the second half of the year volume will be strong for both our residential and commercial markets.”
News For BECN From The Last 14 Days
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February 5, 2016
10:46 EDTBECNBeacon Roofing says sees no reason to change strategy
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10:13 EDTBECNBeacon Roofing says 'not changing FY16 EPS view at this point'
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10:11 EDTBECN Beacon Roofing still sees FY16 revenue $3.8B-$4B, consensus $3.94B
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08:02 EDTBECNBeacon Roofing reports Q1 adjusted EPS 41c, consensus 35c
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January 25, 2016
07:51 EDTBECNHousing repair and remodel stocks should be bought, says RBC Capital
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